PayItSimple Secures $10M

payitsimplePayItSimple, a NYC-based provider of a patented, PCI-compliant payment solution technology that enables merchants to offer consumers the ability to make purchases using interest-free installments, secured $10m in funding.

Simpel Management, LLC, made the investment.

The company intends to use the funds to grow operations.

Led by Alon Feit, CEO, PayItSimple provides merchants with a PCI-compliant payment solution technology to offer customers the ability to pay in secure, interest-free installments with their VISA and MasterCard credit cards. In the meantime, the merchants receive the amount of the purchase upfront, without having to wait to receive payments over time.




Join the discussion